NEW YORK, Feb. 07, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…
Bournemouth brothers Shahab Hashtroudi, Shahin Hashtroudi, and Hedayat Hashtroudi, ran pubs and restaurants in Hampshire, Dorset and Surrey, using the money to prop up their loss-making business empire and fund their lifestyle. Shahab Hashtroudi drove a Porsche and sent his child to private school. From October 2008 they set up 11 companies, all of which…
PUBLISHED: 15:30 07 February 2019 | UPDATED: 16:20 07 February 2019 Reece Hanson Morrisons in Gorleston, where Mark James was a senior manager. Photo: Andy Darnell Archant 2008 A debt-ridden senior manager who worked for M… Read the full article at: https://www.greatyarmouthmercury.co.uk/news/gorleston-morrisons-senior-manager-mark-james-stole-2-000-from-company-1-5883020
Anima, the parent company that created Kronaby watches, has declared itself insolvent and filed for bankruptcy in its native country of Sweden. The company is now in the hands of a trustee appointed by the court, and continues to trade. CEO Pl Borge told WatchPro today that they have been working to find a new…
Unum, a Tennessee-based insurance company, is allowing its US employees to exchange unused vacation days for help with student loan payments. Unum employees are allotted at least 28 paid vacation days a year; they can forfeit up to five days and receive up to $US250 a month cash toward their student loans. An increasing number…
Published 7 February 2019 High Court Permanent TSB (PTSB) has lost an appeal against a Personal Insolvency Arrangement (PIA) which was confirmed in the Circuit Court in 2017. PTSB had voted against the terms of the PIA, in which the Personal Insolvency Practitioner proposed that the mortgage debt be written down, and the remaining…
– Company cost structure expected to be reduced by $70 to $75 million in 2019 – Approximately $100 million in cash and marketable securities at December 31, 2018 DUBLIN, Ireland, Feb. 07, 2019 (GLOBE NEWSWIRE) — Avadel Pharmaceuticals plc (Nasdaq: AVDL), today announced a corporate restructuring to assure the financial health required to maximize the…
Varun Marwah February 7 2019 The Supreme Court in a recent judgment has categorically held that commercial wisdom of the Committee of Creditors (CoC) is sacrosanct and not subject to judicial review. Besides, the commercial wisdom of the CoC has been given paramount status without any judicial intervention, for ensuring completion of the stated processes…
In a bid to facilitate resolution process under insolvency law, the RBI Thursday proposed to permit bidders to raise funds through external commercial borrowing for repayment to the existing lenders. As per the existing guidelines, the proceeds of External Commercial Borrowing (ECB) denominated in either foreign currency or Indian Rupee, are not permitted to be…
Phil Chronican, a non-executive director who has been appointed acting CEO, is a safe pair of hands, having had a lengthy career at Westpac before ending his executive career running ANZs Australasian businesses. Having a temporary CEO and a chairman simply warming the chair until the new CEO is found is, however — at this…